Table 13-12
Betty's Bakery

-Refer to Table 13-12.What is the fixed cost of production at Betty's Bakery?
A) $12
B) $20
C) $25
D) $51

Question

Table 13-12
Betty's Bakery
 
-Refer to Table 13-12.What is the fixed cost of production at Betty's Bakery?
A) $12 
B) $20 
C) $25 
D) $51

Quizplus · Accepted Answer

The fixed cost of production at Betty's Bakery is represented by the intercept of the total cost curve, which is $25 in this case. Therefore, the correct answer is C. None of the other options represent the fixed cost of production.

Table 13-12 Betty's Bakery